Should I refinance current mortgage w/ a 2 Part HELOC & will it's structure negatively affect my credit gain?

Over a 15 yr period, does it hurt a credit score to own a 2-tier HELOC product whose 1st mortgage (refinance) is being paid down consistently, BUT the equity gain is immediately & automatically being transferred to the HELOC revolver (emergencies) to incr. the revolver’s credit confine? This 2-tier HELOC linking process (term loan & revolving loan) would cause my ‘potential available debt ’ to remain at the same smooth for the entire 15 years & perhaps affect my credit score. For example, if I borrowed $68,000 over 15 years comprised of $60,000 (HELOC refinancing first mortgage) & $8,000 (HELOC revolving/misc), later throughout the loan's history the $68,000 would be recorded as my maximum potential available debt on this loan. And, although each month I would be reducing the harmonize on the HELOC term portion, the equity gain is really just a rearrangement of debt, b/c now my revolving line is increased. Eventually, the revolver will be $68,000. There are no closing costs newly $50 each to lock both traditional and revolving portions, and $50 annual fee for revolving portion origination in year two. And the current lock rates are 5.875% traditional portion and 5.75% revolving portion
Answers:
Hi,

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Hi,
I used "Credit Solution" to settle my debt and improve my credit evaluation.They managed to reduce my debt up to 58% .It's lawful.I came across this company on NBC News Special Edition.Check it out here:
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heres a list of few things that do affect your ranking..
- late or no payments
- minmum aren't great either i other suggest to make more..
- many credit check surrounded by short period of time by creditors offcourse (you yourself can check as many time as u want) the function it lowers is that you lose 12 pts every credit check so if for exemple if for your increase of homeequity loc they have to go wit full apl than yes it would, but on home equity because its secured debt it shouldnt..
- too various loans credit card..(debt ratios is high)
this is not exactly a direct answer to you in specially but it should give support to a little

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